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{{propApi.successMessage}} {{region}} Change locationHIA welcomes the start of the Housing Australia Future Fund
HIA welcomes the start of the Housing Australia Future Fund
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“The Housing Australia Future Fund (HAFF) is an important initiative from the Federal Government to build 30,000 much need new social and affordable homes,” added Ms Martin.
“HIA is also pleased to see the establishment of ‘Housing Australia’, a new entity to oversee the HAFF and other key programs as part of the housing reform agenda.
“This includes, creating the National Housing Supply and Affordability Council to inform the Government of gaps in the supply of housing and identifying necessary funding and policy decisions to support more homes coming to market.
“The Federal Government recently announced that it wants 1.2 million homes built over five years starting July 2024, as part of its National Housing Accord. This is necessary to begin addressing the long-term shortage of housing supply.
“It is important to recognise that the commitment to supply 30,000 social and affordable homes via the HAFF represents only 2.5 per cent of this aspirational target.
“Broader reforms are required to address the current housing shortages and aid the private sector in enabling the delivery of the targets, these include:
- Planning systems need to facilitate faster approval timeframes and more higher density residential development in existing suburbs near jobs and transport.
- The release of greenfield and brownfield land and provision of infrastructure needs to be expedited.
- Punitive taxes on both investors and owner occupiers need to be abolished and replaced with fairer and broader sources of revenue.
- Financial regulations need to make it easier for banks to lend and potential home buyers to borrow.
“Without these broader reforms, the pressure on social and affordable housing will remain, and the continued under supply of housing of all forms will only increase,” concluded Ms Martin.
For more information please contact:
Keep SMSF finance flowing to new homes while evidence is assessed
“The Housing Industry Association supports allowing self-managed superannuation funds to continue using Limited Recourse Borrowing Arrangements to finance the construction of new homes while the impact of the Government’s prohibition is properly assessed,” said HIA Chief Economist, Tim Reardon.
Tackling the building site crime wave
The Housing Industry Association (HIA) has received reports from members regarding an increase in theft at building sites, particularly within new residential developments. While copper theft has been an ongoing concern for some time, recent incidents indicate that offenders are targeting more than just cabling.
Proposed new deposit and progress payment requirements for home building contracts
The Victorian government has commenced a consultation process on draft regulations and released a regulatory impact statement on the proposed new deposit and progress payment requirements for home building contracts.
Builders reject Apprentice Employer Licensing proposal
The Housing Industry Association (HIA) is calling on the Victorian Government to withdraw its proposal to require employers to obtain a licence before engaging apprentices, warning the scheme will add red tape, increase costs and reduce apprenticeship opportunities at a time of severe skills shortages.